Top Analyst Upgrades and Downgrades: Apple, Celladon, Newmont, 3D Systems, Twitter, Disney and More

April 27, 2015 by Jon C. Ogg

Stocks were indicated slightly higher on Monday morning after a solid week put the markets within striking distance of all-time highs again. If there is one trend that has remained in place, it is that investors keep buying their favorite stocks during each pullback.

24/7 Wall St. reviews dozens of research reports from analysts each day in order to get new trading and investment ideas for its readers. Some analyst reports cover stocks to buy, and some cover stocks to sell or avoid.

These are this Monday’s top analyst upgrades, downgrades and initiations.

Allscripts Healthcare Solutions Inc. (NASDAQ: MDRX) was raised to Neutral from Underweight and the price target was raised to $12 from $9 (versus a $12.59 close) at Piper Jaffray.

Ameren Corp. (NYSE: AEE) was raised to Buy with a $49 target (versus a $42.32 close) at Argus.

American Express Co. (NYSE: AXP) was downgraded to Neutral from Buy and the price target was cut to $82 from $91 at Nomura.

Apple Inc. (NASDAQ: AAPL) was started as Buy with a $160 price target (versus a $130.28 close) at Brean Capital. What should stand out here about this analyst call is that it is on the same morning as earnings, which are due after the close. 24/7 Wall St. has shown that Apple needs to have sold roughly 60 million iPhones in the quarter. Also, the formal earnings report is likely to be trumped by a dividend hike and larger stock buyback plan. Apple has a consensus analyst price target of $142.13, and the highest official analyst price target is up at $185.

ALSO READ: The 5 Most Shorted NYSE Stocks

Celladon Corp. (NASDAQ: CLDN) is down roughly 70% after its drug failed to meet primary and secondary endpoints. Roth Capital Partners downgraded the stock to Neutral from Buy with a $2 price target (versus a $13.68 close and less than $4 in the premarket). Wedbush Securities downgraded it to Neutral from Outperform, and the price target was slashed to $3 from $29 in the call.

DaVita HealthCare Partners Inc. (NYSE: DVA) was raised to Outperform from Neutral with a $95 price target (versus a $83.91 close) at Baird.

Helmerich & Payne Inc. (NYSE: HP) was raised to Buy from Neutral with a $85 price target at Goldman Sachs.

Marathon Oil Corp. (NYSE: MRO) was reiterated as Outperform at Credit Suisse, and the price target was raised to $36 from $32 (versus $30.33 close).

Marvell Technology Group Ltd. (NASDAQ: MRVL) was downgraded to Neutral from Buy and the price target was cut to $13.00 from $18.00 (versus a $14.31 close) Ladenburg Thalmann.

Newmont Mining Co. (NYSE: NEM) was raised to Outperform from Neutral and the price target was raised to $30 from $26 (versus a $24.98 close) at Credit Suisse.

ALSO READ: How Analysts Rate Amazon, Google Microsoft After Earnings

NRG Yield Inc. (NYSE: NYLD) was started as Hold with a $55 price target (versus a $51.36 close) at Evercore ISI.

Oclaro Inc. (NASDAQ: OCLR) was raised to Buy from Hold with a 43 price target (versus a $1.87 close) at Needham.

Oceaneering International Inc. (NYSE: OII) was downgraded to Neutral from Buy and its price target was cut to $58 from $62 at Goldman Sachs.

Procter & Gamble Co. (NYSE: PG) was downgraded to Underperform from Outperform at CLSA.
Quantum Fuel Systems Tech Worldwide Inc. (NASDAQ: QTWW) was started as Market Perform and with a $3.25 price target (versus a $2.90 close) at Cowen.

Stratasys Inc. (NASDAQ: SSYS) was downgraded to Hold from Buy and the price target was cut to $51 from $82 (versus a $51.28 close) at Canaccord Genuity. The firm warned that a lingering slowdown in the core business is likely to lead to additional estimate reductions, undermine confidence in the company’s long-term revenue growth target of 25%+ and lead to sustained multiple compression given an expectation for slower secular growth.

3D Systems Corp. (NYSE: DDD) was downgraded to Hold from Buy and the price target was cut to $27 from $50 (versus a $27.23 close) at Canaccord Genuity. As a reminder, 3D Systems warned on its guidance on Friday, and now we have a new 52-week low on Monday after shares slid to less than $27. The 3D Systems downgrade is based on lower expectations for long-term growth for the core business, based on the pre-announcement and feedback from resellers and other industry participants. The firm’s estimates were cut on the first quarter shortfall and lower expectations for growth through the 2016 forecast horizon.

Telecom Italia SpA (NYSE: TI) was downgraded to Neutral from Buy at Bank of America Merrill Lynch.

Texas Instruments Inc. (NASDAQ: TXN) was raised to Strong Buy from Market Perform with a $62 price target (versus a $54.73 close) at Raymond James.

ALSO READ: 7 Oil and Gas Stocks Analysts Want You to Buy Now

Travelers Companies Inc. (NYSE: TRV) was raised to Outperform from Market Perform and the price target was raised to $119 from $107 (versus a $103.95 close) at FBR Capital Markets. Investors might want to keep in mind that the 52-week high is $110.49 and the consensus analyst target price is $107.68. We would also point out that the prior street-high target is $117.

Twitter Inc. (NYSE: TWTR) was downgraded to Neutral from Buy and the price target was cut to $50 from $58 at SunTrust Robinson Humphrey. Twitter is expected to report earnings on Tuesday, which makes the timing of this downgrade a bit interesting.

YPF S.A. (NYSE: YPF) was raised to Overweight from Neutral with a $40 price target (versus a $30.15 close) at JPMorgan.

Xilinx Inc. (NASDAQ: XLNX) was reiterated as Buy with a $50 price target (versus a $42.88 close) at Argus.

Walt Disney Co. (NYSE: DIS) was raised to Buy from Neutral at Guggenheim, and the price target was put at $127 (versus a $109.53 close). Investors should know that this $127 target price now counts as the street-high target as the prior highest call was listed as $126. Also, the consensus price target was $108.96 prior to this call.

24/7 Wall St. has shown how analysts are now rating Amazon, Google, and Microsoft after their earnings. This included new ratings and a summary on each report.

From this weekend, we have eight analyst stocks trading under $10 with massive upside price target calls. In case you missed out on Friday’s top analyst upgrades and downgrades, they included Amazon.com, Best Buy, Cisco Systems, Microsoft, Nike, Target, Weatherford International and more.

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